Corporate Funding

At Novex Global Capital, we offer a range of corporate funding solutions designed to meet the diverse financial needs of businesses across various industries. Our goal is to provide flexible and tailored financing options that help businesses grow, expand, and achieve their strategic objectives.

Corporate Loan Application Policy

1. Eligibility Criteria:

• Business Type: Corporations, LLCs, Partnerships, etc.
• Operating History: Minimum of 1 years in business.
• Revenue Requirements: Minimum annual revenue of $200,000.
• Legal Compliance: No ongoing litigation or bankruptcy.
  

2. Loan Types:

• Working Capital Loans: For daily operations.
• Equipment Financing: For purchasing or leasing equipment.
• Commercial Real Estate Loans: For purchasing or refinancing property.
• Expansion Loans: For business growth and expansion.
• Invoice Financing: For managing cash flow based on receivables.

3. Loan Terms:

• Interest Rates: Variable based on market rates and creditworthiness.
• Loan Amounts: $200,000 to $20,000,000.
• Repayment Period: 1 to 10 years, depending on loan type.

4. Collateral Requirements:

• Secured Loans: Assets required as collateral.
• Unsecured Loans: Higher interest rates and stricter eligibility criteria.

5. Documentation Required:

• Business Plan: Detailed business plan and purpose of the loan.
• Financial Statements: Last 3 years of financial statements.
• Tax Returns: Last 3 years of business and personal tax returns.
• Bank Statements: Last 6 months of business bank statements.
• Legal Documents: Business licenses, articles of incorporation, etc.

Corporate Loan Application Procedure

1. Pre-Application:

• Initial Inquiry: Contact via email to discuss eligibility.
• Pre-Screening: Quick check of eligibility criteria based on initial information.

2. Application Submission:

3. Application Review: 

• Initial Review: Preliminary review of the application.
• Credit Check: Detailed business and personal credit checks.
• Financial Analysis: In-depth analysis of financial statements and business health.
• Document Verification: Our team will verify the submitted documents for completeness and accuracy.

4. Decision and Offer:

• Approval/Denial: Notification of approval or denial within 15 business days.
• Loan Offer: Detailed loan offer including terms, interest rates, and repayment schedule.
• Acceptance: Sign loan agreement and accept terms.

5. Disbursement:

• Fund Transfer: Funds disbursed to the business bank account within 5 business days of acceptance.
• Ongoing Monitoring: Regular check-ins and financial reviews throughout the loan period.

Online Application Form

• Business Name:
• Business Address:
• Business Type:
• Date of Incorporation:
• Local Tax ID:
• Contact Person Name:
• Contact Person Email:
• Contact Person Phone:

2. Loan Information:

• Loan Type:
• Loan Amount:
• Purpose of Loan:
• Desired Loan Term:

3. Financial Information:

•  Annual Revenue:
•  Net Profit:
•  Total Assets:
•  Total Liabilities:
•  Bank Name:
•  Bank Account Number:

4. Owner Information:

• Owner Name:
• Ownership Percentage:
• Owner Address:
• Owner Social Security Number:
• Owner Date of Birth:

5. Document Upload:

• Business Plan:
• Financial Statements (Last 3 Years):
• Tax Returns (Last 3 Years):
• Bank Statements (Last 6 Months):
• Legal Documents:

6. Declarations:

• Consent to Credit Check:
• Declaration of Accuracy:
• Signature:

Fees and Costs

1. Document authentication charges: 

Payment of non-refundable fees is mandatory, with the specific amount determined by the country where the document was issued, to be settled following the completion of the Preliminary review of the application.

2. Loan Processing Fee: 

1% of the loan amount, deducted from the loan disbursement.

3. Other Costs:

• Late Payment Fee: 5% of the overdue amount.
• Prepayment Penalty: 2% of the outstanding balance if the loan is paid off early within the first year.
• Legal and Administrative Fees: Any additional fees incurred for legal or administrative purposes.